MIRA INFORM REPORT
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Report Date : |
15.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SAKURA HONEY CO LTD |
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Registered Office : |
2-18-1 Nishigaoka Kitaku Tokyo 115-0056 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2011 |
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Date of Incorporation : |
October 1962 |
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Com. Reg. No.: |
(Tokyo-Kitaku) 001794 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer of honey, royal
jelly, propolis, jam |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 5.1 Million |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
SAKURA HONEY CO LTD
REGD NAME
KK Sakura Ho-en
MAIN OFFICE
2-18-1 Nishigaoka
Kitaku Tokyo 115-0056 JAPAN
Tel:
03-3906-0083 Fax: 03-3906-0085
E-Mail address: info@hatimitsu.com
ACTIVITIES
Mfg of
honey, royal jelly, propolis, jam
BRANCHES
Nishigaoka
(Warehouse)
FACTORIES
At the
caption address
OFFICERS
MASAHIRO
YAMAGUCHI, PRES
Takehiro
Yamaguchi, ch
Joshing
Yamaguchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 207 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND UP WORTH Yen 48 M
STARTED 1962 EMPLOYES 5
COMMENT
MFR OF HONEY, ROYAL JELLY, PROPOLIS.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 5.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Takehiro Yamaguchi in order to make most of his experience in the subject line of business. Masahiro is his son, who took the pres office in May/2007. This is a family-based mfg specializing in honey, royal jelly, propolis, other. Clients include major department stores, food processors, confectionery makers, other.
FINANCIAL INFORMATION
The sales volume for Aug/2010 fiscal term amounted to Yen 207 million, a 19% up from Yen 175 million in the previous term. Clients network expanded. Royal jelly was in much demand. The recurring profit was posted at Yen 20 million, but ended with Yen 18 million net losses for the term, compared with Yen 3 million recurring loss and Yen 4 million net losses, respectively, a year ago. Material price hikes ate into profits.
For the term that ended Aug 2011 the recurring profit was projected at Yen 22 million and the net profit at Yen 3 million, respectively, on a 7% rise in turnover, to Yen 220 million. Final results are yet to be released.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 5.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Oct 1962
Regd No.: (Tokyo-Kitaku) 001794
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued:
20,000 shares
Sum: Yen 10 million
Major shareholders (%): Hiroko Yamaguchi (50), Takehiro
Yamaguchi (50)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures honey, royal jelly, propolis, jam, other (--100%)
Clients: [Mfrs, wholesalers] Tobu Department Stores, Nippon Access Inc, Kokubu & Co, Isetan Mitsukoshi Department Store, Mitsui Foods Inc, Itochu Foods, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Toyota Tsusho Corp, Kato Yohoen Co, TMC, API Co, other
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are owned and maintained satisfactorily.
Bank References:
· Mizuho Bank (Jyujo)
· Higashi Nippon Bank (Higashi-Jyujo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/08/2011 |
31/08/2010 |
31/08/2009 |
31/08/2008 |
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Annual
Sales |
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220 |
207 |
175 |
151 |
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Recur.
Profit |
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22 |
20 |
-3 |
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Net
Profit |
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3 |
-18 |
-4 |
-3 |
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Total
Assets |
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120 |
118 |
117 |
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Current
Assets |
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83 |
80 |
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Current
Liabs |
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67 |
42 |
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Net
Worth |
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48 |
66 |
70 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
6.28 |
18.29 |
15.89 |
-24.12 |
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Current Ratio |
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.. |
123.88 |
190.48 |
.. |
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N.Worth Ratio |
.. |
40.00 |
55.93 |
59.83 |
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R.Profit/Sales |
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10.00 |
9.66 |
-1.71 |
.. |
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N.Profit/Sales |
1.36 |
-8.70 |
-2.29 |
-1.99 |
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Return On Equity |
.. |
-37.50 |
-6.06 |
-4.29 |
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Notes:
Forecast (or estimated) figures for the 31/08/2011 fiscal term.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.07 |
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UK Pound |
1 |
Rs.77.42 |
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Euro |
1 |
Rs.67.72 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.